Risk Audit - Training and Recruitment
Friday, 17 February 2012

FSA Fines Corporate Broker

The Financial Services Authority has find Andrew Osborne £350,000 in connection with the revelation of inside information concerning Punch Taverns equity fundraising.

Mr Osborne is alleged to have disclosed details of the deal during a telephone conversation with David Einhorn of hedge fund, Geenlight (Einhorn and Greenlight have already been fined £7.2millon).

Mr Osborne has claimed that he followed proper procedures and believes the fine to be harsh.

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